Funding arb · Price arb / Crypto

MET

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LONGGate▾Bybit −0.1172%Gate −0.1114%Hyperliquid −0.0628%Aster −0.0467%Phoenix −0.0382%TxFlow −0.0367%Binance −0.0326%edgeX −0.0323%MEXC −0.0318%OKX −0.0230%Bitget −0.0142%BingX −0.0100%BloFin −0.0077%GMX −0.0015%KuCoin +0.0014%Lighter +0.0096%Orderly +0.0099%Backpack +0.0100%ApeX Omni +0.0100%SunX +0.0100%

⇄⇅

SHORTVariational Omni▾Backpack +0.0100%Variational Omni +0.0100%ApeX Omni +0.0100%SunX +0.0100%Orderly +0.0099%Lighter +0.0096%KuCoin +0.0014%GMX +0.0041%BloFin −0.0077%BingX −0.0100%Bitget −0.0142%OKX −0.0230%MEXC −0.0318%edgeX −0.0323%Binance −0.0326%TxFlow −0.0367%Phoenix −0.0382%Aster −0.0467%Hyperliquid −0.0628%Bybit −0.1172%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateMET_USDT	0.3127	−0.1114	get 0.0557% / 4h	3h 58m	$267K	$232K	50x	Long Gate
SHORT	Variational OmniMETEORA	0.3136	+0.0100	get 0.0050% / 4h	3h 58m	$556K	$86K	50x	Short Variational Omni+15% pts

Price gap+0.284%

Funding gap+0.1214% /8h

Both sides work: funding pays +$36 a day on $10k, and the gap is 0.400% above its 7d average: +$40 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.437% in total, about +0.0208%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.284%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

GateVariational Omni

MET on 21 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

• !
  Watch: Thin at this size25.3 / 97.6 bp

  At $10k entering Variational Omni costs 97.6 bp, fee and slippage, 3.9× Gate’s.
• i
  Note: Margin at max leverage$200 + $200

  Gate 50x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval4h / 4h

  Both legs pay at the same time.

  Long Gate · 4h+$33.42

  Short Variational Omni · 4h+$3.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$36.42Long Gate: 6 payments, +$33.42; short Variational Omni: 6 payments, +$3.00.
• ✓
  OK: Entry gap works for you+0.284% vs −0.116%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$267K vs $556K OI

  Gate sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legVariational Omni points

  Volume here counts toward the points program.
• !
  Watch: KYCGate Yes · Variational Omni No

  KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0208%/8h × 21 periods+$43.66

Price spread+0.284% → −0.116% (7d avg)+$40.02

Slippage, 4 orderslive order books−$240.63

Fee Gate bp × 2 orders−$15.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$171.95

Costs to cover2.556%Break-even34.6 days

Slippage: Gate: live order book, 55 min ago; Variational Omni: RFQ quote, 59 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGGate4.7425.3 bp−$25doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTVariational Omni7.8797.6 bp−$98184.1 bp−$1,841doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

MET news

posts that mention MET, from every exchangeSearch all news →

10-10 00:13	Orderly	Listing	new market PERP_MET_USDC_mythos ($MET) seen by our collector
10-09 09:44	edgeX	Listing	new market METUSDC ($MET) seen by our collector
10-09 08:46	edgeX	Listing	New Crypto Perp Listings on edgeX $STRK ZK rollup scaling network on Ethereum. $MET Liquidity and DEX protocol on Solana. Trade on Arc. Unlock Triple Rewards. @edgeX_exchange on X ↗
10-08 18:00	Binance	Contest	Nice to MET you. The MET Trading Tournament is live, with up to 400 BNB in token vouchers to share. Join now → @binance on X ↗
09-28 15:16	Phoenix	Contest	It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗
09-25 14:48	Phoenix	Contest	$SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗